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BitPay announced blockchain based cross-border payments for businesses

BitPay just announced their blockchain based cross-border payment feature that promises 100% accuracy and next day settlement. BitPay partnered with BitHumb, one of the largest Bitcoin exchanges in the world, to deliver the technology to and from South Korean parties. This b2b solution will offer 1% fee and a price guarantee on the transfers.

Businesses can accept Bitcoin or Bitcoin Cash during the checkout process and BitPay will fofer the above mentioned fee rate and price guarantee, while converting and sending you the cash by next work day.

Sonny Singh of Bitpay talked on in a CNBC interview about how this feature will help existing and future clients to save on fees.